NEW YORK, July 22, 2019 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Condor Hospitality Trust, Inc. (“Condor” or the “Company”) (: CDOR) stock prior to July 22, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Condor to NexPoint Hospitality Trust (“NexPoint”). Under the terms of the deal, NexPoint’s operating partnership, NHT Operating Partnership, LLC, will acquire all of the outstanding equity interests of Condor and its operating partnership by merger. In the merger, Condor shareholders will receive $11.10 per share of Condor they own. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/condor-hospitality-trust-inc
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Condor merger investigation concerns whether the Board of Condor breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether NexPoint is underpaying for Condor shares, thus unlawfully harming Condor shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
